
If the Krrish Group is unable to carry out its project on the four acre land at the Fort in Colombo, the group could hand over the project to any other investor or implement it together with another investor according to the laws in the country, said the Investments Promotion Minister.
India’s Krrish Group has paid a sum of Rs. 4,355 million for this particular plot of land and still owes a sum of Rs. 639.5 million, said Investments Promotion Minister Lakshman Yapa Abeywardena.
Since the group had failed to pay this amount before the agreed date the government had added a 12 percent interest on this amount.
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